Please can you help me? I am close to depression

[Lucacrebbe]

If I will be winning the sportsbook then can close my account, ok... but that's not my faullt.

I'm pretty sure you won't have your account closed if you win $500 on a 1.10 shot - that's the sort of customer that bookies welcome, even though they usually win.

If I would have the option to cash out it would be great

I am not a stupid guy

I only want to leaverage on that stake to increase the potencial profits.

I know when to enter into a trade, I know WHEN to EXIT FROM a trade.

If other people have problems with discipline, it's not my case.


I do not trade if I feel in doubt. When I place a bet it is because I know I have the odds in favor, if the bet comes against me, I know when to close.
I do not leave it open to make me burn all the money.

The high stake is only to maximize profits.

I'm not afraid to enter the trade, because I enter the trades when I know I have a chance, if the trade goes against me, I have a mental stop loss.
If the trade exceeds this stop loss, I close the position.
You win and lose in life, the important thing is to try to win more often than the times in which you lose.

[Derek27]

If someone considers being unable to place $5,000 bets at their chosen odds in a heartbeat a valid reason for being close to clinical depression, then they need to start reading some worldwide news.

This thread is already great fun. I'm hoping it's gonna become a classic.

You have to bear in mind when reading this thread that a few words may be lost in translation.

[ShaunWhite]

How could anyone live on 1500 a month?

You'd need a £20k job to take home £1200. Min wage is less than £15k.

16 to 20k is the figure the Roundtree foundation consider as being required to 'participate in society' 40% of UK households fall below this level.

12 or 15 hundred a month is decent money for a lot of people.

[Lucacrebbe]

How could anyone live on 1500 a month? Wouldn't be long before that 1500 became close to 1200 with pc

That's why I am considering a book like Pinnacle with the Cash-out option.


And remember that greedy and fear are your two enemies.... if you want too much, you can be burnt.

Yesterday I was trading Serena Williams against Naomi Osaka (Miami Opens)

I made a good scalp with 100 $ and I was able to profit of 6$

So I cashed it out (talented disciplinated trader)

On Betfair.com, I would have made a x10, so 6 x 10 = 60 $

Which is not so much... but it's always profit!

But greedy came out and I saw Serena williams was overpriced at the odd of 4

So I backed her.

I was greedy... and I have paid... I was in - 23$ (from a stake of 100$)


Knowing which talented playerin is Naomi Osaka, I cashed out (- 23 $) and I back all on Naomi Osaka at the odd of 1,18

(80 X 1,18) = 90$ or so.

Later in the night

I bet on Camilla Giorgi VS Vedick

And I was able to recuparate all my intial stake (100$) and even more (100,58$)

This is only an example to show what kind of talented, disciplinated trader I am.

It's Hard on Betfair.it man.... are palying the smartest ones there... because in Italy is not known Betting exange, so in the market there are the SHARKS

But I am even able to beat them, because they are simple too stupids for my level, sometimes.

I remember a few days ago... lol Kolshrieber VS Del Potro

Kolshriber was priced at 4,5

LOL WHAT A DEAL.

Put 100$ on Kolshriber, doubled my money.


Some time same error: Federer VS Kolshriber

Kolshriber was priced at 40 before the match was started.

I mean 40 to back.

Too stupid the person who layed him for 40.

I backed him with 50$ and I hold the odd long term.

Due to the thiny liquidity I was able to make only 100$

On a bet with back odd of 40.

This is ridiculous. The low liquidity is a serious problem, you can't understand

[Derek27]

Despite everything I'm a successful trader on betfair.it and I'm positive of 150 euros in a month

I really would like to scale up x10 my profits.

I saw that the liquidity on Betfair.com is 10 times the one on betfair.it

So I would be in a positive of 1500 if I played on Betfair.

I have to credit you Luca for educating me - I had no idea that Betfair have a separate exchange for people in Italy or other countries. I just assumed everyone around the world has access to the same market.

But what you said in the above quote is wrong. I make money on low liquidity American markets but if I scaled up 10-fold I would lose a fortune! If there's not enough money in the market you'll have trades that you can't close.

If you do manage to trade on more liquid markets please don't assume you'll make ten times as much. Margins will be tighter and the market more competitive.

[Derek27]

If I will be winning the sportsbook then can close my account, ok... but that's not my faullt.

I'm pretty sure you won't have your account closed if you win $500 on a 1.10 shot - that's the sort of customer that bookies welcome, even though they usually win.

If I would have the option to cash out it would be great

I am not a stupid guy

I only want to leaverage on that stake to increase the potencial profits.

I know when to enter into a trade, I know WHEN to EXIT FROM a trade.

If other people have problems with discipline, it's not my case.


I do not trade if I feel in doubt. When I place a bet it is because I know I have the odds in favor, if the bet comes against me, I know when to close.
I do not leave it open to make me burn all the money.

The high stake is only to maximize profits.

I'm not afraid to enter the trade, because I enter the trades when I know I have a chance, if the trade goes against me, I have a mental stop loss.
If the trade exceeds this stop loss, I close the position.
You win and lose in life, the important thing is to try to win more often than the times in which you lose.

Cash out on a 1.10?

You wouldn't stand to win much if you let it run!

[spreadbetting]

How could anyone live on 1500 a month?

You'd need a £20k job to take home £1200.

I'm guessing you're not an accountant or heard of tax allowances ,Shaun.

[Derek27]

I need to bet hard.. .. I am not afraid to lose 5000 $ because I can afford to lose them, and I won't lose them because I enter only into the trade I am sure of.

I know when to enter into a trade, I know WHEN to EXIT FROM a trade.

If other people have problems with discipline, it's not my case.

I made a good scalp with 100 $ and I was able to profit of 6$

So I cashed it out (talented disciplinated trader)

...

But greedy came out and I saw Serena williams was overpriced at the odd of 4

So I backed her.

I was greedy... and I have paid... I was in - 23$ (from a stake of 100$)

I think there's a contradiction between those quotes. You cant lose $5000 because you only enter trades you are sure of and know when to exit a trade. You are a talented disciplined trader effected occasionally by greed, and that lost you $23 dollars.

Just as well you can't bet $5000.

[Derek27]

Pressed quote instead of edit, and can't delete because I've replied to my own error post.

I was only trying to correct the spelling of Luca's name.

[Derek27]

Pressed quote instead of edit

[SeaHorseRacing]

Be nice now peeps

[LeTiss]

How could anyone live on 1500 a month? Wouldn't be long before that 1500 became close to 1200 with pc

Quite a lot actually. If you don't have a mortgage and are not living beyond your means, I reckon many could survive on £1500 per month

[LeTiss]

Nothing will ever beat the fundamental analysis, the understanding fundamental of a sport, and the statistics on the victories and losses of a particular team.

Complete and utter bollocks.

Don't forget Shaun, English isn't his first language, so they may have got lost in translation slightly.

It sounds like he's saying that you have a better chance of making money on a trade if you know the sport well, and study the form before entering a market. I can relate to that with sporting markets, so I don't think that's complete bollocks at all

[spreadbetting]

How could anyone live on 1500 a month? Wouldn't be long before that 1500 became close to 1200 with pc

Quite a lot actually. If you don't have a mortgage and are not living beyond your means, I reckon many could survive on £1500 per month

Might be OK if you're living at home with mum and dad paying the bills and no kids but most people will have rent/mortgage , food, kids etc to pay. I've no doubt people can survive on it but it's certainly not much to aspire to as a trader, probably get more doing a bit of overtime each month on minimum wage.

[Derek27]

Nothing will ever beat the fundamental analysis, the understanding fundamental of a sport, and the statistics on the victories and losses of a particular team.

Complete and utter bollocks.

Don't forget Shaun, English isn't his first language, so they may have got lost in translation slightly.

It sounds like he's saying that you have a better chance of making money on a trade if you know the sport well, and study the form before entering a market. I can relate to that with sporting markets, so I don't think that's complete bollocks at all

When I started the transition from horse racing punter to trader, like Luca, I couldn't understand how anyone can make money trading horse racing markets without having any knowledge of horse racing, but you don't know until you've tried.

It took me a short while, and cost me a few quid, to realise that if I thought a horse trading at 8.0 was outstanding value, it's as likely to drift to 16.0 as it is to get backed down to 5.0. I had to remind myself that I'm now trading and a horses chances of winning are irrelevant unless I have reason to believe the majority will share my views.